Petroteq Gross margin
What is the Gross margin of Petroteq?
The Gross margin of Petroteq Energy, Inc. is -4.50%
What is the definition of Gross margin?
Gross margin is the difference between revenue and cost of goods sold, divided by revenue, and expressed as a percentage.
lfy (last fiscal year)
Gross margin is a type of profit margin, specifically a form of profit divided by net revenue. It is generally calculated as the selling price of an item, minus the cost of goods sold (production or acquisition costs, not including indirect fixed costs like rent, or administrative costs). The purpose of margins is to give a description of the gross profit.
Gross margin of companies in the Energy sector on TSXV compared to Petroteq
What does Petroteq do?
Petroteq Energy Inc., through its subsidiaries, engages in the oil sands mining and processing operations in the United States. It holds rights to mine, extract, and produce oil and associated hydrocarbons and minerals from oil sands containing heavy oil and bitumen under mineral leases covering approximately 1,671,91 acres in the Asphalt Ridge area of Utah, including 320 acres held under the TMC Mineral Lease and an additional 1,351.91 acres held under three Temple Mountain State of Utah's School and Institutional Trust Land Administration Leases. The company also operates rights under five leases covering lands consisting of approximately 5,960 acres situated in Uintah, Wayne, and Garfield Counties, Utah. In addition, it is developing a blockchain-powered supply chain management platform for the oil and gas industry. The company was formerly known as MCW Energy Group Limited and changed its name to Petroteq Energy Inc. in May 2017. Petroteq Energy Inc. was founded in 2010 and is based in Sherman Oaks, California.
Companies with gross margin similar to Petroteq
- RooLife Ltd has Gross margin of -4.78%
- Neptune Wellness Solutions has Gross margin of -4.69%
- Easy Repay Finance & Investment has Gross margin of -4.69%
- A1 Investments & Resources Ltd has Gross margin of -4.63%
- Rambler Metals and Mining PLC has Gross margin of -4.61%
- Petroteq has Gross margin of -4.57%
- Petroteq has Gross margin of -4.50%
- XL Fleet Corp has Gross margin of -4.46%
- Rolta India has Gross margin of -4.38%
- DigitalX has Gross margin of -4.27%
- 6097 has Gross margin of -4.24%
- Beijing Capital Land has Gross margin of -4.23%
- Meridian Mining Uk Societas has Gross margin of -4.17%